AB CarVal Foundation
AB CarVal Foundation is a private foundation based in Minneapolis, Minnesota. Its website says the foundation supports organizations helping the world’s most vulnerable people, with a primary focus on education and leadership, poverty relief, and health and research.
AB CarVal Foundation at a glance
In short: AB CarVal Foundation gave $144K across 43 grants in 2025 (avg $3K), mostly in Minnesota. 33% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $144,000
- -0.2% vs 2024
- Grants made (2025)
- 43
- +22.9% vs 2024
- Average grant
- $3,349
- -18.7% vs 2024
- Median grant
- $2,500
- Total assets
- $905
- -91.1% vs 2024
- New grantees (estimate)
- 33% first-time grantees (14 of 42, 2025)
- Primary geography
- Minnesota (59% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to AB CarVal Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 1601 Utica Avenue South Suite 1000, Minneapolis, MN 55416
Phone: (952) 444-4780
Website: HTTPS://CARVALINVESTORSFOUNDATION.ORG/
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who AB CarVal Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Rock the Street ($15K). Together the top 10 received $64K.
Grant Size Distribution
256 grants across all recorded years
The most common grant size was under $50K: 255 grants of 256 (100%).
Geographic Focus
Where this funder awards grants
The 2025 filing shows that 59% of grant dollars went to Minnesota recipients. Other leading recipient states were New York (11%), Tennessee (10%), New Hampshire (7%), and Kentucky (5%).
Grant Distribution by State
Share of 2025 grant dollars across all 43 itemized grants.
States
Cities
Is AB CarVal Foundation open to new grantees?
33%
first-time grantees, 2025
In 2025, 14 of 42 grantees (33%) were first-time recipients. First grants averaged $3K; repeat grants $4K. How we count
Medians: $2K first-time, $3K repeat.
- 57% of 2025 grantees were also funded in 2024. Method
- Giving fell 58% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $144K (2025) to $340K (2022). In 2025 it made 43 grants totaling $144K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rock the Street Brentwood, TN | General Operating Support | $15,000 |
| Jeremiah Program Minneapolis, MN | General Operating Support | $7,250 |
| My Breast Cancer Support Portsmouth, NH | General Operating Support | $7,250 |
| University of Minnesota Foundation Minneapolis, MN | General Operating Support | $7,250 |
| Epilepsy Foundation of Minnesota St. Paul, MN | General Operating Support | $4,750 |
| Kosair Charities Committee Inc Louisville, KY | General Operating Support | $4,750 |
| Minnesota Independence College and Community Richfield, MN | General Operating Support | $4,750 |
| Urban Ventures Leadership Foundation Minneapolis, MN | General Operating Support | $4,750 |
| Dress for Success Twin Cities St. Paul, MN | General Operating Support | $3,750 |
| Innercity Tennis Foundation Minneapolis, MN | General Operating Support | $3,750 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $905 | $144,981 | $154,208 | $144,000 | 43 | $154,208 | — | $2,210 |
| 2024 | $10,132 | $163,222 | $164,794 | $144,250 | 35 | $164,794 | — | $1,861 |
| 2023 | $14,717 | $264,906 | $278,769 | $253,106 | 63 | $278,769 | — | $1,927 |
| 2022 | $48,614 | $395,156 | $387,682 | $339,816 | 63 | $382,682 | $311 | $2,188 |
| 2021 | $18,442 | $252,356 | $238,301 | $198,261 | 52 | $237,301 | — | $1,657 |
| 2020 | $9,457 | $282,527 | $291,411 | $255,307 | 60 | — | — | $1,998 |
| 2019 | $17,922 | $239,380 | $240,023 | $233,491 | 54 | — | — | $1,374 |
Under IRS private-foundation payout rules, AB CarVal Foundation reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s website describes its goal as supporting organizations that help the most vulnerable people in the world. Its stated primary focus areas are education and leadership, poverty relief, and health and research.
Its 2025 grants include support for organizations with varied missions. For example, Rock the Street Wall Street says it empowers high school girls and university women through financial and investment education. Jeremiah Program says it works to disrupt poverty for single mothers and their children. My Breast Cancer Support says it provides care and support to people affected by breast cancer. Other grantees include organizations focused on children’s health and well-being, epilepsy education and research, support for autistic and neurodivergent individuals, and community leadership and poverty reduction.
Grantmaking
In 2025, the foundation reported 43 grants totaling $144,000. Grant amounts ranged from $500 to $15,000, with a median of $2,500. The largest grant was $15,000 to Rock the Street Wall Street. Other notable grants were $7,250 each to Jeremiah Program, My Breast Cancer Support, and the University of Minnesota Foundation, and $4,750 each to the Epilepsy Foundation of Minnesota, Kosair Charities Committee, Minnesota Independence College and Community, and Urban Ventures Leadership Foundation. The listed purposes for these grants were general operating support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Alison Dubay as director and president; Brandy Morris as director and treasurer; Danny Kayello and Emily Wilson as directors and assistant vice presidents for charitable giving; Eleanor Williams as director and vice president; Gabriel Szerda, Justin Kulo, and Kevin Bloss as directors; Kim Ferrell as secretary; and Brynn Plummer as a non-voting representative.
AB CarVal Foundation is led by Alison Dubay, Director & President since 2024 (on filings since 2020); none of the 14 officers listed in 2025 report compensation.
Officers on the 2025 filing
Alison Dubay
Director & President
Director & Vice President → Director & President, 2024
On filings since 2020
1 hr/week
No compensation reported
Eleanor Williams
Director & Vice President
Director & Treasurer → Director & President, 2023
Director & President → Director & Vice President, 2024
On filings since 2019
1 hr/week
No compensation reported
Matt Remfert
Director
Director & Assistant Vice President → Director & Treasurer, 2023
Director & Treasurer → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Gabriel Szerda
Director
On filings since 2021
1 hr/week
No compensation reported
Justin Kulo
Director
On filings since 2021
1 hr/week
No compensation reported
Brandy Morris
Director & Treasurer
Director → Director & Treasurer, 2024
On filings since 2023
1 hr/week
No compensation reported
Kevin Bloss
Director
Director, Assistant Vice President & Charitable Giving → Director, 2024
On filings since 2023
1 hr/week
No compensation reported
Emily Wilson
Director, Assistant Vice President & Charitable Giving
On filings since 2024
1 hr/week
No compensation reported
Danny Kayello
Director, Assistant Vice President & Charitable Giving
New on the 2025 filing
1 hr/week
No compensation reported
Mary Mitchell
Director
New on the 2025 filing
1 hr/week
No compensation reported
Raul Ramirez
Director
New on the 2025 filing
1 hr/week
No compensation reported
Patrick McAnally
Non-Voting Representative
Director → Non-Voting Representative, 2025
On filings since 2024
1 hr/week
No compensation reported
Brynn Plummer
Non-Voting Representative
New on the 2025 filing
1 hr/week
No compensation reported
Kim Ferrell
Secretary
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (14)
- Former: Ann Folkman (2019–2024) — Director
- Former: Kimberly A. Ferrell (2019–2024) — Secretary
- Former: Tammy Luecke (2019–2024) — Director
- Former: Gareth Edwards (2020–2024) — Director, Vice President & Charitable Giving
- Former: Shane Huether (2023–2024) — Director
- Former: Matt Hanson (2023) — Director
- Former: Christie Oberg (2019–2022) — Director
- Former: Dan Kersten (2019–2022) — Director
- Former: Ryan Schultzetenberg (2021–2022) — Director
- Former: Christopher J. Hedberg (2019–2021) — Director
- Former: John Withrow (2019–2021) — Director
- Former: Elizabeth Ogren (2019–2020) — Director
- Former: dubay alison (2019) — Director & Vice President
- Former: Edwards Gareth (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about AB CarVal Foundation
How much does AB CarVal Foundation give each year?
AB CarVal Foundation gave $144K across 43 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $144K across 35 grants.
What is AB CarVal Foundation's typical grant size?
AB CarVal Foundation's median grant in 2025 was $2,500, and its average grant was $3,349, across 43 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from AB CarVal Foundation that year got $3K on average.
Where does AB CarVal Foundation give grants?
AB CarVal Foundation gives mostly in Minnesota: 59% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (11%) and Tennessee (10%). The most frequent recipient cities were Minneapolis, MN (12 grants), St. Paul, MN (8 grants), Portsmouth, NH (2 grants) and Louisville, KY (2 grants).
Does AB CarVal Foundation give general operating support?
Yes: 86% of AB CarVal Foundation's 2025 grants with a stated purpose (37 of 43) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Holiday giving" (5 grants).
Who are AB CarVal Foundation's largest grantees?
AB CarVal Foundation's largest 2025 grantees include Rock the Street ($15,000), Jeremiah Program ($7,250) and My Breast Cancer Support ($7,250), according to its 2025 IRS Form 990-PF. Together they received 20% of its itemized 2025 grant dollars.
How large is AB CarVal Foundation?
AB CarVal Foundation reported $905 in total assets on its 2025 IRS Form 990-PF. It paid out $154K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What does AB CarVal Foundation fund?
The foundation’s website describes its goal as supporting organizations that help the most vulnerable people in the world. Its stated primary focus areas are education and leadership, poverty relief, and health and research. See mission & focus areas ↑
How do I apply for a grant from AB CarVal Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is AB CarVal Foundation's EIN?
AB CarVal Foundation's EIN (Employer Identification Number) is 82-1364603. IRS Form 990 filing data is available on this page for 2019–2025.
Does AB CarVal Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 26, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in AB CarVal Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). AB CarVal Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/ab-carval-foundation-morg_01ddc553ec50402aab890e3a0d5f4214
BibTeX
@misc{grantable_821364603_2026,
author = {{Grantable}},
title = {{AB CarVal Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/ab-carval-foundation-morg_01ddc553ec50402aab890e3a0d5f4214},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from AB CarVal Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
AB CarVal Foundation down — hundreds of funders to go?